48.6%
Increase in share price total return for shareholders and 41.3% net asset value (NAV) total return.
Emerging markets delivered a year of strong returns - and TEMIT captured the opportunity. For the year ended 31 March 2026, TEMIT delivered a share price total return of 48.6%, almost 22% ahead of the benchmark index.
Behind the numbers is a disciplined, long-term approach: investing in high-quality companies across dynamic economies, from AI supply chains in Taiwan and South Korea to financials, consumer platforms and industrial leaders across the emerging world.
With a 36-year track record, a proposed annual ordinary dividend of 5.25p, and renewed investor interest in emerging markets, TEMIT continues to offer shareholders a simple way to access the growth potential of tomorrow’s economies today.
Increase in share price total return for shareholders and 41.3% net asset value (NAV) total return.
MSCI Emerging Markets Index (Net Dividends) benchmark return
Proposed total dividend for the year - above the minimum commitment.
Share price total return over 10 years – almost double the benchmark return of 131.0%
With over 2.5 billion of net assets, TEMIT is the largest investment trust in the AIC Emerging Markets sector.
Portfolio Managers Chetan Sehgal and Andrew Ness retained the highest AAA-rating from Citywire for the investment returns delivered.
The company’s Annual Stewardship Report is also available with case studies and real-life examples of our activity.
The Board would like to congratulate our Investment Managers for another excellent year.

Chairman of Board
Explore the full results, portfolio positioning, investment outlook and stewardship activity in the latest Annual Report and Accounts.
This information is issued and approved by Franklin Templeton Investment Management Limited (FTIML). It does not constitute investment advice. The information provided should not be considered a recommendation to purchase or sell any particular security. It should not be assumed that any of the security transactions discussed here were or will prove to be profitable. These opinions are not intended to be a forecast of future events, research, a guarantee of future results or investment advice. There is no assurance that any prediction, projection or forecast on the economy, stock market, bond market or the economic trends of the markets will be realised. Past performance is not a guide to future returns. The return may increase or decrease as a result of fluctuations in the markets, in currency and/or in the portfolio.
Market and currency movements may cause the capital value of shares, and the income from them, to fall as well as rise and you may get back less than you invested. The analysis of Environmental, Social and Governance (ESG) factors form an important part of the investment process and helps inform investment decisions. The strategy does not necessarily target particular sustainability outcomes. The opinions contained in this document are those of the named manager(s). They may not necessarily represent the views of other managers, strategies or funds. Shares in investment trusts are traded on a stock market and the share price will fluctuate in accordance with supply and demand and may not reflect the value of underlying net asset value of the shares. The majority of charges will be deducted from the capital of the company. This will constrain capital growth of the company in order to maintain the income streams.